Happy Christmas Alaska. Exxon’s present to those desperate for compensation from the Exxon Valdez oil spill is its new defence in the U.S. Supreme Court that the $2.5 billion verdict the company was ordered to pay conflicts with more than...
Suddenly another week cannot go past without another oil spill. Recently, we have had spills in Russia, California, South Korea and now Norway. Yesterday, about 25,000 barrels of oil spilled into the Norwegian sector of the North Sea at the...
South Korea has declared a section of its west coast a special disaster zone, as thousands of residents, soldiers and police spent a fifth day trying to mop up the worst oil spill in the country's history. President Roh Moo-hyun...
Oh the cruel irony. As delegates in Bali are joined by low lying Pacific Islanders alarmed at the rate that homes are submerging under water, its business as usual for the oil industry. Their message to Bali is: two-fingers to...
There has been a great victory for the global End Oil Aid Coalition. With a resounding majority (540 MEPs in favour), the European Parliament yesterday passed a resolution on trade and climate change which calls for “the discontinuation of public...
If you sit down and enjoy a glass of wine tonight with your evening meal, you can be thankful that your car does not run on the stuff. Hugo Chavez, Venezuela’s president said yesterday that that record crude prices are...
Nigeria is to invest $75 billion over the next five years in the oil and gas sector through joint venture partnership with oil companies and third party investment. Minister of State for Petroleum, Odein Ajumogobia made this known in Saudi...
Just getting used to oil prices around $100 a barrel. Well Thailand's Energy Minister Piyasvasti Amranand has said that global oil prices could surge to US$200 per barrel if the United States goes to war with Iran. Speaking at a...
Slowly but surely the unthinkable is becoming thinkable. The days of “peak” are fast approaching, and such is the shortage of new areas coming on stream that there is a “production ceiling” to the amount of oil that can be...
Brazil is to consider joining OPEC after it has gauged the impact on its oil exports from its newly discovered giant offshore Tupi oil field. Isnard Penha Brasil said that "a membership decision will come after we know what our...
